American Express Shares Rise on Higher Q4 Earnings, Revenue
American Express (AXP) shares rose more than 7% in recent Friday trading after the company reported Q4 earnings of $2.62 per diluted share, up from $2.07 a year earlier. Analysts surveyed by Capital IQ expected $2.63. Revenue for the quarter ended Dec. 31 was $15.8 billion, up from $14.18 billion a year earlier. Analysts polled by Capital IQ expected $15.95 billion. The company said it expects full-year 2024 earnings of $12.65 to $13.15 per share, with revenue growth of 9% to 11%. Analysts surveyed by Capital IQ expect EPS of $12.32 on revenue of $66.21 billion. Price: 201.74, Change: +13.67, Percent Change: +7.27
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